Bumbershoot Insurance – Excess – Umbrella

Bumbershoot is an excess liability coverage for insureds with major wet marine exposures. The bumbershoot policy covers both non-marine and maritime liability exposures, i.e., protection and indemnity, general average, collision, sue and labor, as well as general liability hazards.

Umbrella

A policy designed to provide protection against catastrophic losses. It generally is written over various primary liability policies, such as the business auto policy, commercial general liability policy, watercraft and aircraft liability policies, and employers liability coverage. The umbrella policy serves three purposes: it provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims; it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims; and it provides protection against some claims not covered by the underlying policies, subject to the assumption, by the named insured, of a self-insured retention or SIR.

SIR

A dollar amount specified in an insurance policy (usually a liability insurance policy) that must be paid by the insured before the insurance policy will respond to a loss. SIRs typically apply to both the amount of the loss and related costs, e.g., defense costs, but some apply only to amounts payable in damages, e.g., settlements, awards, and judgments. An SIR differs from a true deductible in at least two important ways. Most importantly, a liability policy’s limit stacks on top of an SIR while the amount of a liability insurance deductible is subtracted from the policy’s limit. As contrasted with its responsibility under a deductible, the insurer is not obligated to pay the SIR amount and then seek reimbursement from the insured; the insured pays the SIR directly to the claimant. While these are the theoretical differences between SIRs and deductibles, they are not well understood, and the actual policy provisions should be reviewed to ascertain the actual operation of specific provisions

Commercial Excess

An excess liability policy is written over a primary policy to increase the overall amount or limits of protection. It is written on a following form basis, which means that I only increase the overall limit of coverage; it does not broaden coverage.

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Accessible Marine Insurance

Dirk Rosen

Our coverages are critical - and I really appreciate all the planning you do to keep us ahead of the curve.

Dirk Rosen

2016-09-27T16:27:46+00:00

Dirk Rosen

Our coverages are critical - and I really appreciate all the planning you do to keep us ahead of the curve.

http://ami-ins.com/testimonials/dirk-rosen/

Terance

Fisk Insurance is # 1 ... I will never shop, no need when you find the best.

Terance

2016-09-27T16:39:58+00:00

Terance

Fisk Insurance is # 1 ... I will never shop, no need when you find the best.

http://ami-ins.com/testimonials/terance/

Cher

I feel like you really had our back by quickly asking for a re-audit and helping to troubleshoot the issue. Thank you very much and proud to be affiliated with Fisk Insurance.

Cher

2016-09-27T16:39:12+00:00

Cher

I feel like you really had our back by quickly asking for a re-audit and helping to troubleshoot the issue. Thank you very much and proud to be affiliated with Fisk Insurance.

http://ami-ins.com/testimonials/cher/

Greg Kurras

I appreciate the organization and responsiveness of yourself and your staff. I am glad to be doing business with you.

Greg Kurras

2016-09-27T16:38:28+00:00

Greg Kurras

I appreciate the organization and responsiveness of yourself and your staff. I am glad to be doing business with you.

http://ami-ins.com/testimonials/greg-kurras/

Joyce & Dan

We truly appreciate you stepping in when we were at a loss.

Joyce & Dan

2016-09-27T16:37:37+00:00

Joyce & Dan

We truly appreciate you stepping in when we were at a loss.

http://ami-ins.com/testimonials/joyce-dan/

Pam Borton

Gail, now that is what I call service. That's why we like Fisk Insurance.

Pam Borton

2016-09-27T16:36:35+00:00

Pam Borton

Gail, now that is what I call service. That's why we like Fisk Insurance.

http://ami-ins.com/testimonials/pam-borton/

Cynthia Zeller

Just wanted to let you know how much we appreciate your help tonight Eric. So sorry for having to pull you away from your family on such a short notice. Our job was able to go out at midnight, thanks to you.

Cynthia Zeller

2016-09-27T16:35:52+00:00

Cynthia Zeller

Just wanted to let you know how much we appreciate your help tonight Eric. So sorry for having to pull you away from your family on such a short notice. Our job was able to go out at midnight, thanks to you.

http://ami-ins.com/testimonials/cynthia-zeller/

Morgan Levally

Tina, you rock!

Morgan Levally

2016-09-27T16:34:44+00:00

Morgan Levally

Tina, you rock!

http://ami-ins.com/testimonials/morgan-levally/

Stacey Brown

As always, it’s a pleasure doing business with Fisk Insurance!

Stacey Brown

2016-09-27T16:28:33+00:00

Stacey Brown

As always, it’s a pleasure doing business with Fisk Insurance!

http://ami-ins.com/testimonials/stacey-brown/

Cher

This company has the best customer service of any business I have experience. Gail and Eric have been very responsive and proactive with all my needs and questions.

2017-05-08T10:16:25+00:00

This company has the best customer service of any business I have experience. Gail and Eric have been very responsive and proactive with all my needs and questions.